Swiss publish list of dormant bank accounts for first time
[GENEVA] Switzerland on Wednesday published for the first time a list of dormant bank accounts to give their owners' heirs a chance to come forward and claim the funds.
The list contains the names of individuals or companies without any movements on their Swiss bank accounts for the past 60 years.
It is published on a website, www.dormantaccounts.ch, and contains just over 2,600 names, the Swiss Bankers Association said in a statement.
The combined value of the assets is about 44 million Swiss francs (S$62.77 million). In addition, 80 safe-deposit boxes are published.
Claimants have a year to come forward before banks must hand the assets over to the Swiss state.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Abu Dhabi returns to debt market with new US dollar bond
Ping An profit falls as market declines hurt investment returns
BOJ will hike rates if trend inflation accelerates, says Ueda
Binance’s rivals muscle in on Bitcoin trading around the world
Citi picks Amit Dhawan to head Singapore commercial bank operations
China finance ministry echoes Xi’s call for bond trading at PBOC